Next is a bank for the youth, for the unemployed, for the disabled, for the uneducated!!

I know that women and mainly those who do not understand economics have been calling for a ring fenced financial institution to provide so called cheap money without thinking about the sustainability of such an institution. The President may have agreed to the demand out of wanting to please women and get their vital vote
We have had such schemes before. I have yet to see similar schemes elsewhere. The Graemen bank model has also been tried in Zambia but failed. Just put up the environmental for sustainable economic growth and management supported by good corporate governance and you will see a turn around. As of now we are too focused on the political and economic survival of the few Zambians in the ruling party. It is as though the most important goal for Zambia is to retain certain names in power. That is not the point. Just look at Australia. Prime ministers come and go but the economy booms. It is not about an individual but about systems, institutions.